RR on Money of Mine yesterday talking about severance and change...

First 92 Last

Share
Profile

Follow
BullishBearish

2,428 Posts.

675

21/07/23

08:52

Post #: 68901900
Share

Originally posted by GARETH78: ↑

It is certainly going to be a David v Goliath contest.

I will be the first to admit I do not have the current boards skill set.

They stand with their credentials on a Liquidity and Value proposition and biographies.

LIQUIDITY - They were members of the BOD that placed the company in suspension for 13 months so far. Was full oversight of executives conducted??

Their responsibility as per the corporate governance statement.

VALUE - Members of the BOD for the Financial year that signed off accounts for a $222m write down of shareholders equity.

Their responsibility as per the corporate governance statement.

I am glad Garry and Myself do not have the current boards skill set.

Will a binding vote be proposed to holders and be accepted?

I have my doubts.

The test is the EGM - it all comes down to numbers.

I would prefer not to stand, and a more sensible approach by the BOD occur. Unfortunately that does not seem to be possible.

The question everyone should ask themselves, is why are they so keen to stay?

Its not for the fees.

If this goes to escrow distribution, and holders get their shares, I wager any support for the current board will fall off a cliff once the shares are under holder’s ownership.

They need a sale IMO.

I will leave you to guess why.

We have all been extremely patient until now. Another 12 months or so will be easy I think.

I should add, respect to all opinions.

A 249p will be lodged to give further details.

cheers

Expand

RR on Money of Mine yesterday talking about severance and change of control benefits set by management in mining. This why they want FFX sold and will stone wall redistribution for shares. Watch from @52:32 below

Last edited by BullishBearish: 21/07/23

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
21 Upvote

2 Great analysis

Reply

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

First 92 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

RR on Money of Mine yesterday talking about severance and change...

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Monash IVF shares cater 25% – Disaster or deep-value play?

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Featured News